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    1404 Front St, Unit Reidsville Reidsville, NC 27320

    For Sale
    $795,000

    Multifamily property with long-term tenants, generating consistent returns.

    Property Features for 1404 Front St

    General Information

    Standard status
    Active

    Building Details

    Year built
    2001

    Source: CENTURY 21 THE KNOWLES TEAM Agent TERESA S. KNOWLES

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Reidsville Multifamily Investment Opportunity

    This multifamily property, located on Front Street in Reidsville, North Carolina, presents an investment opportunity with tenants already in place. The all-brick building requires minimal maintenance. The property consists of two units: 1404 Front Street, which is 2547 square feet, and 1406 Front Street, which is 1045 square feet. The current monthly return is $5,572. The owner is responsible for utilities (electricity, water, and lawn maintenance), which total $800 per month, as well as annual taxes of $5,800 and insurance costs of $1,700 per year. A rent increase is expected within the next 4 to 9 months, extending leases to 2028 and 2030.
    Location Intelligence

    Current Use by Public Records

    Edward Jones - Financial ... Financial Consultant Edward Jones - Financial ... Financial Consultant Edward Jones - Financial ... Financial Consultant Edward Jones - Financial ... Financial Consultant Edward Jones - Financial ... Financial Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Reidsville
    County
    Rockingham
    State
    North Carolina
    Longitude
    -79.688545
    Latitude
    36.329782

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    FAQs

    What type of property is this?
    Duplex - Multifamily property with long-term tenants, generating consistent returns.
    Where is this duplex located?
    The property is located at 1404 Front St, Unit Reidsville Reidsville, NC.
    What is the asking price?
    The asking price for this property is $795,000.
    What are key features of this property?
    This property features: - Established investment property offered at $795,000.; - Existing tenants provide immediate monthly income of $5,572.; - Rent increase expected within 4-9 months, extending leases to 2028 and 2030.
    (336) 342-2022
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1404 Front St, Unit Reidsville Reidsville, NC 27320
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